Brief Introduction and Market Overview:
The BYOD refers to Bring Your Own Device which compels the employees to utilize personal electronic devices including their own mobile phones, tablet and laptop for official work. These mobile consumer electronic devices are gaining consumer preference for accessing Internet which may include confidential facts & figures of any organization or personalized information, which is surging the demand for enterprises to monitor their applications’ version, security and data more effectively through enterprise mobility management. For instance, applications such as banking, payments and loyalty, where critical personal information is transacted from mobile devices are registering high rate of adoption for enterprise mobility management solutions.
Global Internet Users, By Region, By Value, 2017 (Billions)
The increasing acceptance of BYOD practices across small and medium business enterprises are not just promoting an employee friendly work environment but also contributing to the increased productivity as well as reduced hardware expense for organization.
As a result, the expanding consumer electronics industry, rising smartphone user base and aggravating demand for enterprise mobility software from large corporate firms with in-house IT divisions are anticipated to fuel the global BYOD and enterprise mobility market through 2022.
By Software: Owing to the widespread utilization of mobile devices for personal and official purposes, the mobile device management software is going to garner lion’s share in the global BYOD and enterprise mobility market over the coming years. The corporate organizations aiming to construct proficient and structured systems, permitting a flexible and mobile workforce are catering to the growing demand for mobile device management software in the global BYOD and enterprise mobility market
By Security: The device security segment is anticipated to dominate the global BYOD and enterprise mobility market through 2022 owing to the increasing implications of security measures on individual level as well as large businesses.
By Deployment: The Cloud-based enterprise mobility management solutions are poised to muster the dominating market share in the global BYOD and Enterprise Mobility market by the end of 2022 on account of agile rate of penetration of cloud services in business settings due to enormous benefits and advantageous features offered by them.
By End User: The retail sector is going to be the dominating end user industry while the manufacturing sector is estimated to showcase fastest growth through 2022, in the Global BYOD and enterprise mobility market.
Ongoing Trends in the Global BYOD and Enterprise Mobility Market:
- Consumerization of Technology: Business enterprises are embracing and capitalizing the consumerization of IT to save money as well as to increase business agility, improve employee productivity, while ensuring that the network security is not compromised.
- Machine-to-Machine (M2M) communication: Machine to Machine (M2M) refers to the technology that enables networked devices to exchange information and perform actions without the manual assistance of humans, for instance Near-Field Communication (NFC) capabilities that performs contactless payment and transfer of data. The effective tool to manage interaction between a range of connected devices is a megatrend for Global BYOD and Enterprise Mobility Market as it leads to connected living solutions with the inclusion of smart communication devices within enterprises.
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During 2016, the North America accounted as the major demand generating region while Asia-Pacific region is recording fastest growth in the Global BYOD and enterprise mobility market through 2022. The rapid pace of technological innovations and developments in the constituent nations of North America and Europe are promulgating the demand for BYOD and Enterprise Mobility Solutions at a wider scale. At the same time, the Asian countries are witnessing high rate of penetration of enterprise mobility software in the large as well as growing SMEs.
North America Smartphones Users, 2015-2021F (Million)
In conclusion, Global BYOD & enterprise mobility market is projected to grow at a CAGR of over 20%, in value terms, during 2017-2022. The large number of advantages offered by BYOD and enterprise mobility including high productivity, reduced IT expenses, access to real-time information are fueling the growth of market, during the forecast period.
The rising usage across small and large-scale enterprises belonging to various industry verticals coupled with rapid increase in the use of mobile devices for personal as well as professional work are some factors which are expected to propel demand for BYOD & enterprise mobility over the next five years.
Some of the major players operating in the global BYOD & enterprise mobility are Microsoft, Cisco, IBM, SAP SE, Infosys, Oracle, TCS, Blackberry, Tech Mahindra, HCL, AT&T etc.